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LOGO
July 31, 2009
Statistics
KSE-100 Index
Previous Index
7,536.98
Current Index
7,491.76
Change %
(0.60)%
YTD (CY09)
30.22%
YTD (FY10)
3.04%

International Indicators
 
Close
Percentage
BSE-30
15,387.96
1.41%
HANGSENG
20,234.08
0.49%
NIKKEI 255
10,165.21
0.51%
FTSE
4,631.60
1.85%
DJIA
9,214.84
1.59%
SSEC
3,266.43
(5.00)%
NASDAQ
1,984.30
0.84%

S.C.R.A
Jul 29, 2009
1.216
Jul 2009
2.077
YTD
2.077

Money Market Updates
TbillCut-off
 
12 months
11.75%
6 months
11.38%
KIBOR (3 months)
11.94%
KIBOR (6 months)
12.00%
PIB (10 years)
11.84%

Exchange Rates
Rs/US
83.34
Rs/UK
136.02
Rs/EURO
116.68
Rs/OMAN RIYAL
214.19

Commodities
Oil
$67.38/barrel
Oil Change in %
6.70%
Gold
$939.60/ounce
Gold Change in %
1.01%

Inflation
CPI Gen. Jun 09 (YOY)
13.10%
CPI Gen. (Jul 08-Jun 09)
20.80%
NFNE Core INFL Jun 09 (YOY)
15.90%
NFNE Core INFL (Jul 08-Jun 09)
17.60%

Economic Indicators
US$ Reserves
11.77bn
GDP Growth FY09E
2.00%
Per Capita Income
$1,046
Population
167.04mn
Trade Deficit (Jul 08-Jun 09)
$(17.04)bn
Curr. A/C (Jul 08-Jun 09)
$(8.86)bn
Remittances (Jul 08-Jun 09)
$7.81bn
Foreign Investment (Jul 08-Jun 09)
$2.67bn
All Scheduled Banks Deposit Base (July 25, 09)
Rs.4,137bn

Daily Returns and NAVs
as of July 30, 2009
 
Offer
Redemption
POBOP
51.5741/-
51.0584/-
Daily Return
32.64%
POASF
54.11/-
52.76/-
Daily Return
(13.83)%
POAIF
53.83/-
52.48/-
Daily Return
90.64%
POAIIF
52.2479/-
51.7254/-
Daily Return
342.07%
POAF
11.0344/-
Daily Return
14.15%
* Daily Returns are calculated as per MUFAP guidelines

Inflation
AMC Ratings
AM3+
POBOPAPF
Fund Stablility Rating
A(f)
POAF Fund Rating
AA-
Economy

Aid package for Pakistan: IMF considering augmentation
The International Monetary Fund said on Thursday it is considering an increase for an aid package for Pakistan agreed on last November. "I can confirm an augmentation is under consideration," IMF spokeswoman Caroline Atkinson told journalists in response to questions on reports that Pakistan had requested an additional four billion dollars. more... (BR)

Sales tax evasion by retail sector: FBR contemplates lowering ST registration threshold
The Federal Board of Revenue (FBR) has authentic data that reduction of sales tax registration threshold from Rs 5 million to Rs 2.5 million is necessary for registration of the entire retail sector particularly retailers, who are misusing the 'Sales Tax Special Procedure Rules'. more... (BR)

New FTAs: Cabinet inhibits 'independence' of ministry
The cabinet has restricted the 'independence' of the Commerce Ministry over new Free Trade Agreements (FTAs), observing that the outcome of previous pacts is in the favour of the other trading partners rather local industry. more... (BR)

Zardari and Russian president discuss bilateral ties
President Asif Ali Zardari and his Russian counterpart Dmitry Medvedev discussed bilateral ties as well as the regional and international issues of mutual interest, as they met here on Thursday, ahead of a quadrilateral meeting with Tajikistan and Afghanistan. more... (BR)

Pakistan diplomacy rocks Indian Parliament
India's opposition lawmakers staged a walk-out from Parliament Thursday after two days of intense debate on an India-Pakistan joint statement.The joint statement - issued after a recent meeting between Prime Minister Manmohan Singh and his Pakistani counterpart, Yousuf Raza Gilani - had said action on terrorism should not be linked to bilateral talks between India and Pakistan. more... (BR)

Plea for treason case against Musharraf: Supreme Court says it's not the right forum
The Supreme Court on Thursday turned down a plea requesting the apex court to initiate a treason case against former president Pervez Musharraf, leaving the matter to the parliament for any such decision. more... (BR)

Sector Briefing

Banks' scrabble for oil payment may put PKR under pressure
Banks have to arrange about 450-500 million dollars per month for the import payments of furnace oil, diesel and other refined products following the State Bank decision, source in the banking industry told Business Recorder on Thursday. more... (BR)

Private sector: SBP asks banks to increase credit disbursement
Governor of the State Bank of Pakistan, Syed Salim Raza, has asked commercial banks to increase lending to the private sector in order to provide necessary stimulus to the economy. Presiding over a meeting of the Private Sector Credit Advisory Council (PSCAC) at the State Bank of Pakistan here on Thursday. more... (BR)

Circular debt issue will be resolved by August 15: Tarin's assurance to IPPs
Prime Minister's Advisor on Finance, Shaukat Tarin has assured the Independent Power Producers (IPPs) that the issue of circular debt will bee resolved by August 15, 2009. Tarin's assurance came after some of the power companies threatened to seek remedy under the Implementation Agreement (IA) with the GoP, well-informed sources told Business Recorder here on Thursday. more... (BR)

(D): Dawn, (BR): Business Recorder,(FD): The Financial Daily, (DT) Daily Times
Research Team:
Shoaib Ali Khan
Department Head
Shayan Hasan
Research Analyst
Salman Kazmi
Research Analyst
Imran Altaf
Research Analyst
Faizan Ahmed
Research Analyst
Faiz Malik
Database Manager
Separator
Disclaimer:
This news update is being circulated for information purposes only and no action is being solicited based on it. Information and calculations presented in this news update have been generated from sources which we believe to be reliable, however we do not represent that it is accurate, complete and should be relied upon.  Pak Oman Asset Management Company Ltd. does not assume any liability on it. This news update or any part of it should not be reproduced, published or distributed without prior permission